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La Marmotte
To be completed in conjunction with:
La Marmotte
, January 2012
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Why is La Marmotte currently closed during the summer season?
2 points
It doesn't have a permit
There is no available staff
It is unprofitable
It is profitable but not as profitable as during winter
Clear selection
Should La Marmotte open for summer?
2 points
Yes
No
Clear selection
Match the receipt to the correct type of cost
10 points
Fixed cost
Variable cost
Accountants fees to prepare tax returns
Electricity bill
Fees to design a new sign
Toilet paper
License to sell alcohol
Fixed cost
Variable cost
Accountants fees to prepare tax returns
Electricity bill
Fees to design a new sign
Toilet paper
License to sell alcohol
Clear selection
How much is the monthly winter revenue?
2 points
€2,250
€18,330
€81,000
€486,000
Clear selection
How much is the monthly winter profit?
2 points
€2,250
€18,330
€81,000
€486,000
Clear selection
How much is the monthly summer profit?
2 points
- €13,200
- €15,000
+ €2,250
+ €18,330
Clear selection
What is the formula for total revenue?
2 points
Price x quantity
Marginal revenue x quantity
Average revenue x quantity
None of the above
How much does a meal cost at La Marmotte?
2 points
€30
€35
It depends on the number of meals sold
It depends on the type of meal
How many meals need to be sold to earn €500,000 or revenue?
2 points
90 per day
93 per day
2,778 per day
16,667 per month
Clear selection
Using Exhibit A, which statements are true?
2 points
Average revenues exceed marginal revenue
Marginal revenue average revenues
Average revenues are equal to marginal revenue
Average revenues change in an inverse way to marginal revenue
Using Exhibit A, which statements are true?
2 points
Profit is rising
Profit is falling
Profit is constant
Using Exhibit A, which statements are true?
2 points
Fixed costs are out of control
Variable costs are out of control
Total costs are reasonably stable
Total revenue is steadily increasing
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